What was the total revenue for Chatime in 2024?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
economic factors.
Revenues by timing of recognition were as follows for the years ended December 31, 2024 and 2023:
| 2024 | 2023 | |
|---|---|---|
| Point in time: Franchise fees | $ 10,000 | $ _ |
| Royalties and marketing fund fees | 88,993 | |
| Total point i |
Source: Item 23 — Receipts (FDD pages 58–262)
What This Means (2025 FDD)
According to Chatime's 2025 Franchise Disclosure Document, the total revenue for the company in 2024 was $141,524. This figure is derived from the sum of franchise fees and royalties collected at a specific point in time, as well as franchise fees collected over a period of time. In comparison, Chatime's total revenue in 2023 was significantly lower, at only $2,706.
For a prospective franchisee, this revenue information provides insight into the financial performance of Chatime as a franchise system. The substantial increase in total revenue from 2023 to 2024 suggests a period of growth for the company. This could be due to an increase in the number of franchise locations, improved performance of existing locations, or a combination of both.
It's important to note that this revenue figure reflects the income of Chatime Franchise LLC, the entity offering the franchise, and not the revenue of individual franchise units. A prospective franchisee would also want to examine Item 19 in the FDD, which provides financial performance representations for franchise locations, to understand the potential revenue and expenses of operating a Chatime franchise. Understanding the revenue streams of the franchisor can help potential franchisees assess the financial stability and growth potential of the Chatime franchise system.